Nicaragua is the 103rd largest export economy in the world. In 2016, Nicaragua exported $5.34B and imported $6.09B, resulting in a negative trade balance of $748M. In 2016 the GDP of Nicaragua was $13.2B and its GDP per capita was $5.54k.

Exports

In 2016 Nicaragua exported $5.34B, making it the 103rd largest exporter in the world. During the last five years the exports of Nicaragua have increased at an annualized rate of 7.8%, from $3.62B in 2011 to $5.34B in 2016. The most recent exports are led by Insulated Wire which represent 20.7% of the total exports of Nicaragua, followed by Knit T-shirts, which account for 11.3%.

Imports

In 2016 Nicaragua imported $6.09B, making it the 118th largest importer in the world. During the last five years the imports of Nicaragua have increased at an annualized rate of 0.8%, from $5.84B in 2011 to $6.09B in 2016. The most recent imports are led by Light Rubberized Knitted Fabric which represent 4.82% of the total imports of Nicaragua, followed by Packaged Medicaments, which account for 3.59%.

Origins

Economic Complexity of Nicaragua

Product Space

The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure.

Nicaragua exports 94 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market).